Use Your Refund to Reduce Future Debt
Tax season is here, and while this year may be atypical, people are often split into two camps: those
who dread the paperwork and those who are excited at the idea of receiving a tax refund. Some people
will put their refund toward something fun, like a vacation, while others will use it to pay off
bills or contribute to a major goal, like a new home. Here’s another option to
consider—use it to fund a 529 plan.
With the cost of education continuing to rise, starting early and saving often can mean the
difference between earning interest or paying it, being in debt or starting the next stage of life
debt-free. The first step is to open a 529 plan and begin saving for future education costs.